**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**




**FORM
      10-QSB**




**x**
            **QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934**




**For
      the quarterly period ended March 31, 2007**




**o**
            **TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934**




**For
      the transition period from**




**Commission
      File No. 000-50413**




**355,
      INC.**


**(Exact
      name of small business issuer as specified in its charter)**




**Delaware**
            **98-0407797**(State
                or other jurisdiction of
              incorporation
                or organization)
            (I.R.S.
                Employer Identification No.)




**711
      N. 1st Avenue**


**Arcadia,
      California 91006**


(Address
      of Principal Executive Offices)




**(626)
      641-5620**


(Issuer’s
      telephone number)




(Former
      name, address and fiscal year, if changed since last report)




Check
      whether the issuer (1) has filed all reports required to be filed by Section
      13
      or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
      period that the issuer was required to file such reports), and (2)has been
      subject to such filing requirements for the past 90 days. Yes x No o




Indicate
      by check mark whether the registrant is a shell company as defined in Rule
      12b-2
      of the Exchange Act.   Yes x No o




State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of May 7, 2007: 100,000 shares of common stock.




















**355,
      INC.**


**FINANCIAL
      STATEMENTS**




**INDEX**




**PART
      I-- FINANCIAL INFORMATION**




Item
                1.
            Financial
                StatementsItem
                2.
            Management’s
                Discussion and Analysis of Financial ConditionItem
                3.
            Control
                and Procedures




**PART
      II-- OTHER INFORMATION**




Item
                1.
            Legal
                ProceedingsItem
                2.
            Changes
                in SecuritiesItem
                3.
            Defaults
                Upon Senior SecuritiesItem
                4.
            Submission
                of Matters to a Vote of Security HoldersItem
                5.
            Other
                InformationItem
                6.
            Exhibits
                and Reports on Form 8-K







**SIGNATURE**




**Item
      1. Financial Information**




BASIS
      OF
      PRESENTATION




The
      accompanying reviewed financial statements are presented in accordance with
      generally accepted accounting principles for interim financial information
      and
      the instructions to Form 10-QSB and item 310 under subpart A of Regulation
      S-B.
      Accordingly, they do not include all of the information and footnotes required
      by generally accepted accounting principles for complete financial statements.
      In the opinion of management, all adjustments (consisting only of normal
      occurring accruals) considered necessary in order to make the financial
      statements not misleading, have been included. Operating results for the three
      months ended March 31, 2007 are not necessarily indicative of results that
      may
      be expected for the year ending December 31, 2007. The financial statements
      are
      presented on the accrual basis.












355,
        INC.
 (a
        development stage company)
 
 FINANCIAL
        STATEMENTS
 
 
 
 AS
        OF
        March 31, 2007
 
 
 355,
        Inc.
 (a
        development stage company)
 Financial
        Statements Table of Contents
 
 
 
 
 FINANCIAL
                  STATEMENTS
              Page
                  #Balance
                  Sheet
              F-1Statement
                  of Operations and Retained Deficit
              F-2Statement
                  of Stockholders Equity
              F-3Cash
                  Flow Statement
              F-4Notes
                  to the Financial Statements
              F-5
 
 
 
 
 
 
 **355,
                    Inc.****(a
                    development stage company)****BALANCE
                    SHEET****As
                    of March 31, 2007 and December 31, 2006****ASSETS****CURRENT
                    ASSETS**
                
                **3/31/2007**
                
                **12/31/2006**Cash
                
                $
                -
                
                $
                -Total
                    Current Assets
                
                
                -
                
                
                -**TOTAL
                    ASSETS**
                
                $
                -
                
                $
                -**LIABILITIES
                    AND STOCKHOLDERS' EQUITY****CURRENT
                    LIABILITIES**Accrued
                    Expenses
                
                $
                6,150
                
                $
                5,650Total
                    Current Liabilities
                
                
                6,150
                
                
                5,650**TOTAL
                    LIABILITIES**
                
                $
                6,150
                
                $
                5,650**STOCKHOLDERS'
                    EQUITY**Common
                    Stock - Par value $0.0001;Authorized:
                    50,000,000Issued
                    and Outstanding: 100,000
                
                
                100
                
                
                100Additional
                    Paid-In Capital
                
                
                -
                
                
                -Accumulated
                    Deficit
                
                
                (6,250
                )
                
                (5,750
                )Total
                    Stockholders' Equity
                
                
                (6,150
                )
                
                (5,650
                )**TOTAL
                    LIABILITIES AND EQUITY**
                
                $
                -
                
                $
                -
 
 The
          accompanying notes are an integral part of these financial
          statements.
 F-1
 
 **355,
                    Inc.****(a
                    development stage company)****STATEMENT
                    OF OPERATIONS****For
                    the three months ending March 31, 2007 and 2006****from
                    inception (September 19, 2003) through March 31,
                    2007****3
                    MONTHS**
                
                **3
                    MONTHS**
                
                **FROM****ENDING**
                
                **ENDING**
                
                **INCEPTION****3/31/2007**
                
                **3/31/2006**
                
                **TO
                    03/31/07****REVENUE**
                
                $
                -
                
                $
                -
                
                $
                -**COST
                    OF SERVICES**
                
                
                -
                
                
                -
                
                
                -**GROSS
                    PROFIT OR (LOSS)**
                
                
                -
                
                
                -
                
                
                -**GENERAL
                    AND ADMINISTRATIVE EXPENSES**
                
                
                500
                
                
                350
                
                
                6,250**NET
                    INCOME (LOSS)**
                
                
                (500
                )
                
                (350
                )
                
                (6,250
                )**ACCUMULATED
                    DEFICIT, BEGINNING BALANCE**
                
                
                (5,750
                )
                
                (3,950
                )
                
                -**ACCUMULATED
                    DEFICIT, ENDING BALANCE**
                
                $
                (6,250
                )
                $
                (4,300
                )
                $
                (6,250
                )**Earnings
                    (loss) per share**
                
                
                (0.01
                )
                
                (0.00
                )**Weighted
                    average number of common shares**
                
                
                100,000
                
                
                100,000
  The
          accompanying notes are an integral part of these financial
          statements.
 
 
 
 F-2
 
 
  **355,
                  Inc.****(a
                  development stage company)****STATEMENT
                  OF STOCKHOLDERS' EQUITY****From
                  inception (September 19, 2003) through March 31,
                  2007****COMMON**
              
              **ACCUM.**
              
              **TOTAL****SHARES**
              
              **STOCK**
              
              **DEFICIT**
              
              **EQUITY**Stock
                  issued on acceptance
              
              
              100,000
              
              $
              100
              
              
              
              
              $
              100of
                  incorporation expensesSeptember
                  19,
                  2003Net
                  Income (Loss)
              
              
              -
              
              
              -
              
              
              (1,050
              )
              
              (1,050
              )Total,
                  December 31, 2003
              
              
              100,000
              
              $
              100
              
              $
              (1,050
              )
              $
              (950
              )Net
                  Income (Loss)
              
              
              -
              
              
              -
              
              
              (1,250
              )
              
              (1,250
              )Total,
                  December 31, 2004
              
              
              100,000
              
              $
              100
              
              $
              (2,300
              )
              $
              (2,200
              )Net
                  Income (Loss)
              
              
              -
              
              
              -
              
              
              (1,650
              )
              
              (1,650
              )Total,
                  December 31, 2005
              
              
              100,000
              
              
              100
              
              $
              (3,950
              )
              $
              (3,850
              )Net
                  Income (Loss)
              
              
              -
              
              
              -
              
              
              (1,800
              )
              
              (1,800
              )Total,
                  December 31, 2006
              
              
              100,000
              
              
              100
              
              $
              (5,750
              )
              $
              (5,650
              )Net
                  Income (Loss)
              
              
              -
              
              
              -
              
              
              (500
              )
              
              (500
              )Total,
                  March 31, 2007
              
              
              100,000
              
              
              100
              
              $
              (6,250
              )
              $
              (6,150
              )
  The
        accompanying notes are an integral part of these financial
        statements.




F-3




**355,
                  Inc.****(a
                  development stage company)****STATEMENTS
                  OF CASH FLOWS****For
                  the three months ending March 31, 2007 and 2006****from
                  inception (September 19, 2003) through March 31,
                  2007****3
                  MONTHS**
              
              **3
                  MONTHS**
              
              **FROM****ENDING**
              
              **ENDING**
              
              **INCEPTION****CASH
                  FLOWS FROM OPERATING ACTIVITIES**
              
              **3/31/2007**
              
              **3/31/2006**
              
              **TO
                  03/31/07**Net
                  income (loss)
              
              $
              (500
              )
              $
              (350
              )
              $
              (6,250
              )Stock
                  issued as compensation
              
              
              -
              
              
              -
              
              
              100Increase
                  (Decrease) in Accrued Expenses
              
              
              500
              
              
              350
              
              
              6,150Total
                  adjustments to net income
              
              
              500
              
              
              350
              
              
              6,250Net
                  cash provided by (used in) operating activities
              
              
              -
              
              
              -
              
              
              -**CASH
                  FLOWS FROM INVESTING ACTIVITIES**None
              
              
              -
              
              
              -
              
              
              -Net
                  cash flows provided by (used in) investing activities
              
              
              -
              
              
              -
              
              
              -**CASH
                  FLOWS FROM FINANCING ACTIVITIES**Proceeds
                  from capital contributions
              
              
              -
              
              
              -
              
              
              -Proceeds
                  from stock issuance
              
              
              -
              
              
              -
              
              
              -**CASH
                  RECONCILIATION**Net
                  increase (decrease) in cash
              
              
              -
              
              
              -
              
              
              -Cash
                  - beginning balance
              
              
              -
              
              
              -
              
              
              -**CASH
                  BALANCE - END OF PERIOD**
              
              $
              -
              
              $
              -
              
              $
              -




The
        accompanying notes are an integral part of these financial
        statements.


F-4


**355,
        INC.**
 **(a
        development stage company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 1. Summary
        of significant accounting policies :
 
 Industry
        - 355, Inc. (the Company), a Company incorporated in the state of Delaware
        as of
        September 19, 2003, plans to locate and negotiate with a business entity
        for the
        combination of that target company with The Company. The combination will
        normally take the form of a merger, stock-for-stock exchange or stock-
        for-assets exchange. In most instances the target company will wish to structure
        the business combination to be within the definition of a tax-free
        reorganization under Section 351 or Section 368 of the Internal Revenue Code
        of
        1986, as amended. No assurances can be given that the Company will be successful
        in locating or negotiating with any target company.
 
 The
        Company has been formed to provide a method for a foreign or domestic private
        company to become a reporting ("public") company whose securities are qualified
        for trading in the United States secondary market.
 
 Results
        of Operations and Ongoing Entity:
 
 The
        Company is considered to be an ongoing entity. The Company's shareholders
        fund
        any shortfalls in The Company's cash flow on a day to day basis during the
        time
        period that The Company is in the development stage.
 
 Liquidity
        and Capital Resources:
 
 In
        addition to the stockholder funding capital shortfalls; The Company anticipates
        interested investors that intend to fund the Company's growth once a business
        is
        located.
 
 Cash
        and
        Cash Equivalents:
 
 The
        Company considers cash on hand and amounts on deposit with financial
        institutions which have original maturities of three months or less to be
        cash
        and cash equivalents.
 
 Basis
        of
        Accounting:
 
 The
        Company's financial statements are prepared in accordance with generally
        accepted accounting principles.
 
 Income
        Taxes:
 
 The
        Company utilizes the asset and liability method to measure and record deferred
        income tax assets and liabilities. Deferred tax assets and liabilities reflect
        the future income tax effects of temporary differences between the financial
        statement carrying amounts of existing assets and liabilities and their
        respective tax bases and are measured using enacted tax rates that apply
        to
        taxable income in the years in which those temporary differences are expected
        to
        be recovered or settled. Deferred tax assets are reduced by a valuation
        allowance when in the opinion of management, it is more likely than not that
        some portion or all of the deferred tax assets will not be realized. At this
        time, The Company has set up an allowance for deferred taxes as there is
        no
        company history to indicate the usage of deferred tax assets and
        liabilities.
 
  F-5
  **355,
        INC.**
 **(a
        development stage company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 Fair
        Value of Financial Instruments:
 
 The
        Company's financial instruments may include cash and cash equivalents,
        short-term investments, accounts receivable, accounts payable and liabilities
        to
        banks and shareholders. The carrying amount of long-term debt to banks
        approximates fair value based on interest rates that are currently available
        to
        The Company for issuance of debt with similar terms and remaining maturities.
        The carrying amounts of other financial instruments approximate their fair
        value
        because of short-term maturities.
 
 Concentrations
        of Credit Risk:
 
 Financial
        instruments which potentially expose The Company to concentrations of credit
        risk consist principally of operating demand deposit accounts. The Company's
        policy is to place its operating demand deposit accounts with high credit
        quality financial institutions. At this time The Company has no deposits
        that
        are at risk.
 
 2. Related
        Party Transactions and Going Concern :
 
 The
        Company's financial statements have been presented on the basis that it is
        a
        going concern in the development stage, which contemplates the realization
        of
        assets and the satisfaction of liabilities in the normal course of business.
        At
        this time The Company has not identified the business that it wishes to engage
        in.
 
 The
        Company's shareholders fund The Company's activities while The Company takes
        steps to locate and negotiate with a business entity for combination; however,
        there can be no assurance these activities will be successful.
 
 3. Accounts
        Receivable and Customer Deposits :
 
 Accounts
        receivable and Customer deposits do not exist at this time and therefore
        have no
        allowances accounted for or disclosures made.
 
 4. Use
        of
        Estimates :
 
 Management
        uses estimates and assumptions in preparing these financial statements in
        accordance with generally accepted accounting principles. Those estimates
        and
        assumptions affect the reported amounts of assets and liabilities, the
        disclosure of contingent assets and liabilities, and the reported revenue
        and
        expenses. Management has no reason to make estimates at this time.
 
 5. Revenue
        and Cost Recognition :
 
 The
        Company uses the accrual basis of accounting in accordance with generally
        accepted accounting principles for financial statement reporting.
 
 6. Accrued
        Expenses :
 
 Accrued
        expenses consist of accrued legal, accounting and office costs during this
        stage
        of the business.
 
 
  F-6
  **355,
        INC.**
 **(a
        development stage company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 
 7. Operating
        Lease Agreements :
 
 The
        Company has no agreements at this time.
 
 8. Stockholder's
        Equity :
 
 Common
        Stock includes 50,000,000 shares authorized at a par value of $0.001, of
        which
        100,000 have been issued for the amount of $100 on September 19, 2003 in
        acceptance of the incorporation expenses for the Company.
 
 9. Required
        Cash Flow Disclosure for Interest and Taxes Paid :
 
 The
        company has paid no amounts for federal income taxes and interest. The Company
        issued 100,000 common shares of stock to its sole shareholder in acceptance
        of
        the incorporation expenses for the Company.
 
 10. Earnings
        Per Share :
 
 Basic
        earnings per share ("EPS") is computed by dividing earnings available to
        common
        shareholders by the weighted-average number of common shares outstanding
        for the
        period as required by the Financial Accounting Standards Board (FASB) under
        Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings per
        Shares". Diluted EPS reflects the potential dilution of securities that could
        share in the earnings.
 
 11.
            Income
                Tax: 
 The
        Company has net operating loss carry-forwards of $5,750 which can be used
        as a
        deduction to future taxable income for up to twenty years. The operating
        loss
        carry-forwards will expire as follows:
  Year
                
                Amount2023
                
                $
                1,0502024
                
                
                1,2502025
                
                
                1,6502026
                
                
                1,800Total
                
                $
                5,750
  The
        carry-forward has been fully reserved in an allowance account and therefore
        does
        not appear on the Balance Sheet as an asset.







F-7




**Item
      2.**     **Management’s
      Discussion and Analysis of Financial Conditions and Results of
      Operations**





Plan
      of Operation




The
      Registrant is continuing its efforts to locate a merger Candidate for the
      purpose of a merger. It is possible that the registrant will be successful
      in
      locating such a merger candidate and closing such merger. However, if the
      registrant cannot effect a non-cash acquisition, the registrant may have to
      raise funds from a private offering of its securities under Rule 506 of
      Regulation D. There is no assurance the registrant would obtain any such equity
      funding.




Results
      of Operation




The
      Company did not have any operating income from inception (September 19, 2003)
      through March 31, 2007, the registrant recognized a net loss of $6,250. Some
      general and administrative expenses from inception were accrued. Expenses from
      inception were comprised of costs mainly associated with legal, accounting
      and
      office.




Liquidity
      and Capital Resources




At
      March
      31, 2007 the Company had no capital resources and will rely upon the issuance
      of
      common stock and additional capital contributions from shareholders to fund
      administrative expenses pending acquisition of an operating
      company.




Management
      anticipates seeking out a target company through solicitation. Such solicitation
      may include newspaper or magazine advertisements, mailings and other
      distributions to law firms, accounting firms, investment bankers, financial
      advisors and similar persons, the use of one or more World Wide Websites and
      similar methods. No estimate can be made as to the number of persons who will
      be
      contacted or solicited. Management may engage in such solicitation directly
      or
      may employ one or more other entities to conduct or assist in such solicitation.
      Management and its affiliates will pay referral fees to consultants and others
      who refer target businesses for mergers into public companies in which
      management and its affiliates have an interest. Payments are made if a business
      combination occurs, and may consist of cash or a portion of the stock in the
      Company retained by management and its affiliates, or both.




The
      Company and or shareholders will supervise the search for target companies
      as
      potential candidates for a business combination. The Company and or shareholder
      may pay as their own expenses any costs incurred in supervising the search
      for a
      target company. The Company and or shareholders may enter into agreements with
      other consultants to assist in locating a target company and may share stock
      received by it or cash resulting from the sale of its securities with such
      other
      consultants.




Critical
      Accounting Policies




355’s
      financial statements and related public financial information are based on
      the
      application of accounting principles generally accepted in the United States
      (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and
      subjective interpretations of accounting principles that have an impact on
      the
      assets, liabilities, revenue and expense amounts reported. These estimates
      can
      also affect supplemental information contained in our external disclosures
      including information regarding contingencies, risk and financial condition.
      We
      believe our use if estimates and underlying accounting assumptions adhere to
      GAAP and are consistently and conservatively applied. We base our estimates
      on
      historical experience and on various other assumptions that we believe to be
      reasonable under the circumstances. Actual results may differ materially from
      these estimates under different assumptions or conditions. We continue to
      monitor significant estimates made during the preparation of our financial
      statements.
















Our
      significant accounting policies are summarized in Note 1 of our financial
      statements. While all these significant accounting policies impact its financial
      condition and results of operations, 355’s views certain of these policies as
      critical. Policies determined to be critical are those policies that have the
      most significant impact on 355’s consolidated financial statements and require
      management to use a greater degree of judgment and estimates. Actual results
      may
      differ from those estimates. Our management believes that given current facts
      and circumstances, it is unlikely that applying any other reasonable judgments
      or estimate methodologies would cause effect on our consolidated results of
      operations, financial position or liquidity for the periods presented in this
      report.




**Item
      3. Controls and Procedures**




Under
      the
      supervision and with the participation of our management, including our
      principal executive officer and principal financial officer, we conducted an
      evaluation of our disclosure controls and procedures, as such term is defined
      under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
      Exchange Act of 1934, as amended (Exchange Act), as of March 31, 2007. Based
      on
      this evaluation, our principal executive officer and principal financial officer
      have concluded that our disclosure controls and procedures are effective to
      ensure that information required to be disclosed by us in the reports we file
      or
      submit under the Exchange Act is recorded, processed, summarized, and reported
      within the time periods specified in the Securities and Exchange Commission’s
      rules and forms and that our disclosure and controls are designed to ensure
      that
      information required to be disclosed by us in the reports that we file or submit
      under the Exchange Act is accumulated and communicated to our management,
      including our principal executive officer and principal financial officer,
      or
      persons performing similar functions, as appropriate to allow timely decisions
      regarding required disclosure.




There
      were no changes (including corrective actions with regard to significant
      deficiencies or material weaknesses) in our internal controls over financial
      reporting that occurred during the third quarter of fiscal 2006 that has
      materially affected, or is reasonably likely to materially affect, our internal
      control over financial reporting.




**PART
      II - OTHER INFORMATION**




**Item
      1. Legal Proceedings.**




The
      Company is currently not a party to any pending legal proceedings and no such
      action by, or to the best of its knowledge, against the Company has been
      threatened.




**Item
      2. Changes in Securities.**





None




**Item
      3. Defaults Upon Senior Securities.**





None





**Item
      4. Submission of Matters to a Vote of Security Holders.**




No
      matter
      was submitted during the quarter ending March 31, 2007, covered by this report
      to a vote of the Company’s shareholders, through the solicitation of proxies or
      otherwise.




**Item
      5. Other Information.**





None




**Item
      6. Exhibits and Reports of Form 8-K.**





(a)   Exhibits




31.1
      Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002





32.1
      Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002




(b)   Reports
      of Form 8-K





None.













**SIGNATURES**




In
      accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
      this report to be signed on its behalf by the undersigned, there unto duly
      authorized.






**355,
                INC.**RegistrantDate:
                May 7, 2007
            By:*/s/
                Alex Jen*Alex
                JenPresident,
                Secretary and Director